Vinimaya launched on Tuesday a cloud-based e-procurement suite called Aquiire. Features of note in the new platform include real-time universal shopping, supplier management, business intelligence and structured and unstructured data assimilation, the company said in a press release.

After a steep drop following Brexit, The British pound shot to a seven-week high on Monday after stronger-than-expected economic survey data from the country’s services sector, the Wall Street Journal reported. Sterling rose as high as $1.3372, up by around 0.45% against the dollar on Monday. Against the euro, the pound rose by 0.32% to €1.195.

And finally, lawyers alleged in a court filing that Bosch concealed the use of the device that Volkswagen used to skirt emissions tests. Volkswagen had earlier claimed that Bosch was a "knowing and active participant" in the decade-long scheme to evade U.S. anti-pollution laws.